Xponance Inc. Purchases 11,303 Shares of The Charles Schwab Co. (NYSE:SCHW)

Xponance Inc. raised its position in The Charles Schwab Co. (NYSE:SCHW) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,151 shares of the financial services provider’s stock after buying an additional 11,303 shares during the quarter. Xponance Inc.’s holdings in Charles Schwab were worth $16,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its stake in shares of Charles Schwab by 8.1% in the second quarter. Public Sector Pension Investment Board now owns 253,182 shares of the financial services provider’s stock valued at $18,657,000 after buying an additional 18,979 shares during the period. DRW Securities LLC raised its stake in shares of Charles Schwab by 18.3% in the second quarter. DRW Securities LLC now owns 81,817 shares of the financial services provider’s stock valued at $6,062,000 after buying an additional 12,658 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Charles Schwab by 5.2% in the second quarter. Epoch Investment Partners Inc. now owns 28,437 shares of the financial services provider’s stock valued at $2,096,000 after buying an additional 1,415 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Charles Schwab by 381.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 306,575 shares of the financial services provider’s stock valued at $22,592,000 after purchasing an additional 242,894 shares during the period. Finally, Greenline Partners LLC raised its stake in shares of Charles Schwab by 4.9% during the 2nd quarter. Greenline Partners LLC now owns 24,336 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 1,140 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SCHW has been the topic of a number of analyst reports. Barclays decreased their price objective on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. UBS Group decreased their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company initiated coverage on Charles Schwab in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective on the stock. Bank of America decreased their price objective on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. decreased their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.75.

Charles Schwab Price Performance

SCHW opened at $65.39 on Monday. The stock has a 50-day moving average price of $64.28 and a 200-day moving average price of $69.96. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $116.22 billion, a P/E ratio of 27.36, a PEG ratio of 1.19 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts predict that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,355,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,355,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Walter W. Bettinger bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were bought at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. The disclosure for this purchase can be found here. Insiders sold 99,636 shares of company stock worth $6,457,104 in the last ninety days. 6.60% of the stock is owned by company insiders.

About Charles Schwab

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.